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High Arctic Energy Services (TSX:HWO) Gross-Profit-to-Asset % : 3.95% (As of Sep. 2024)


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What is High Arctic Energy Services Gross-Profit-to-Asset %?

Gross-Profit-to-Asset % is calculated as Gross Profit divided by its average Total Assets over a certain period of time. High Arctic Energy Services's annualized Gross Profit for the quarter that ended in Sep. 2024 was C$3.04 Mil. High Arctic Energy Services's average Total Assets over the quarter that ended in Sep. 2024 was C$76.99 Mil. Therefore, High Arctic Energy Services's annualized Gross-Profit-to-Asset % for the quarter that ended in Sep. 2024 was 3.95%.


High Arctic Energy Services Gross-Profit-to-Asset % Historical Data

The historical data trend for High Arctic Energy Services's Gross-Profit-to-Asset % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

High Arctic Energy Services Gross-Profit-to-Asset % Chart

High Arctic Energy Services Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross-Profit-to-Asset %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.63 -6.08 -4.22 -3.74 8.80

High Arctic Energy Services Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Gross-Profit-to-Asset % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.77 37.34 17.83 1.59 3.95

Competitive Comparison of High Arctic Energy Services's Gross-Profit-to-Asset %

For the Oil & Gas Equipment & Services subindustry, High Arctic Energy Services's Gross-Profit-to-Asset %, along with its competitors' market caps and Gross-Profit-to-Asset % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


High Arctic Energy Services's Gross-Profit-to-Asset % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, High Arctic Energy Services's Gross-Profit-to-Asset % distribution charts can be found below:

* The bar in red indicates where High Arctic Energy Services's Gross-Profit-to-Asset % falls into.



High Arctic Energy Services Gross-Profit-to-Asset % Calculation

High Arctic Energy Services's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Dec. 2023 is calculated as:

Gross-Profit-to-Asset %=Gross Profit (A: Dec. 2023 )/( (Total Assets (A: Dec. 2022 )+Total Assets (A: Dec. 2023 ))/ count )
=11.31/( (133.957+123.137)/ 2 )
=11.31/128.547
=8.80 %

High Arctic Energy Services's annualized Gross-Profit-to-Asset % for the quarter that ended in Sep. 2024 is calculated as:

Gross-Profit-to-Asset %=Gross Profit (Q: Sep. 2024 )/( (Total Assets (Q: Jun. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=3.04/( (120.993+32.977)/ 2 )
=3.04/76.985
=3.95 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Gross-Profit-to-Asset %, the Gross Profit of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data, the Gross Profit data used here is four times the quarterly (Sep. 2024) data. Gross-Profit-to-Asset % is displayed in the 30-year financial page.


High Arctic Energy Services Gross-Profit-to-Asset % Related Terms

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High Arctic Energy Services Business Description

Traded in Other Exchanges
Address
330 - 5th Avenue SW, Suite 2350, Calgary, AB, CAN, T2P 0L4
High Arctic Energy Services Inc is engaged in providing contract drilling, well servicing, completion services, equipment rentals, and other oilfield services to the oil and natural gas industry in Papua New Guinea and Canada. The operating segments of the company are the Drilling Services segment which consists of drilling services; the Production Services segment which consists of well servicing and snubbing services; the Ancillary Services segment which provides rental equipment, nitrogen transport services, and engineering consulting to various companies within the oil and gas sector and Corporate segment. The Production Services segment generates the company's revenue.
Executives
Lonn Bate Senior Officer
Simon Batcup Director
Lance Mierendorf Senior Officer
Michael Joseph Maguire Senior Officer
Douglas John Strong Director
Stephen Peter Lambert Senior Officer
Joseph Oliver Director
Michael Rupert Binnion Director

High Arctic Energy Services Headlines

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